Imperial Oil Limited (TSE:IMO) Receives C$137.00 Average Price Target from Analysts

Shares of Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) have been assigned a consensus recommendation of “Strong Sell” from the ten analysts that are currently covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$137.00.

Several analysts have recently weighed in on IMO shares. TD Securities lifted their price objective on Imperial Oil from C$101.00 to C$110.00 and gave the stock a “sell” rating in a report on Monday, February 23rd. UBS Group lifted their price objective on Imperial Oil from C$155.00 to C$185.00 in a report on Monday, March 16th. National Bank Financial lifted their price objective on Imperial Oil from C$139.00 to C$212.00 and gave the stock a “sector perform” rating in a report on Tuesday, March 31st. JPMorgan Chase & Co. decreased their price objective on Imperial Oil from C$155.00 to C$149.00 in a report on Monday, May 4th. Finally, TD decreased their price objective on Imperial Oil from C$157.00 to C$156.00 and set a “sell” rating on the stock in a report on Wednesday, May 13th.

Insider Buying and Selling at Imperial Oil

In other news, insider Ian Robert Laing sold 4,100 shares of Imperial Oil stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of C$176.63, for a total transaction of C$724,183.00. Over the last quarter, insiders sold 6,569 shares of company stock worth $1,144,955. 71.26% of the stock is currently owned by company insiders.

Imperial Oil Stock Performance

IMO opened at C$158.20 on Friday. The firm has a market capitalization of C$76.50 billion, a P/E ratio of 26.81, a price-to-earnings-growth ratio of 0.21 and a beta of 0.43. The stock’s 50 day moving average price is C$173.84 and its two-hundred day moving average price is C$156.69. The company has a quick ratio of 0.98, a current ratio of 1.23 and a debt-to-equity ratio of 18.53. Imperial Oil has a 12-month low of C$106.50 and a 12-month high of C$191.76.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last released its earnings results on Friday, May 1st. The company reported C$1.94 earnings per share (EPS) for the quarter. The firm had revenue of C$12.42 billion for the quarter. Imperial Oil had a return on equity of 13.38% and a net margin of 6.13%. On average, equities analysts forecast that Imperial Oil will post 8.6164609 earnings per share for the current year.

Imperial Oil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Wednesday, July 1st will be issued a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Thursday, June 4th. Imperial Oil’s dividend payout ratio (DPR) is presently 51.36%.

About Imperial Oil

Imperial Oil is one of Canada’s largest integrated oil companies, focusing on upstream operations, petroleum refining operations, and the marketing of petroleum products. Production averaged 398 thousand barrels of oil equivalent per day in 2020. The company estimates that it holds 5.2 billion boe of proved and probable crude oil and natural gas reserves. Imperial remains the largest refiner of petroleum products in Canada, operating three refineries with a combined processing capacity of 421 mboe/d.